PDIL pays highest-ever dividend of Rs 11.80 cr for FY19

New Delhi: The previous financial year has turned out to be a turnaround year for state-run PDIL as the Miniratna handed over its highest-ever dividend to the government. In a brief ceremony held in the Ministry of Chemicals & Fertilizers on Tuesday, Union Minister (Chemicals & Fertilisers)  DV Sadanand Gowda was presented with a cheque of Rs 11.80 crore.

The cheque for the highest-ever dividend for the year 2018-19 was presented by Partha Sarthi  Sen Sharma (IAS), CMD, PDIL, in the presence of Minister of State (Chemicals & Fertilizers) Mansukh L Mandaviya and Secretary (Fertilizers), Chhabilendra Roul (IAS). Senior Officials of  Department of Fertilisers (DoF) and PDIL were also present on the occasion.

Projects & Development India Ltd (PDIL) is a Mini Ratna Category-I, Engineering-Consultancy PSU under Department of Fertilizers (DoF), Ministry of Chemicals & Fertilizers.  PDIL clocked record financial performance during FY 2018-19 and registered the highest-ever Profit after Tax (PAT) of Rs 30.36 crore, highest-ever turnover of Rs 131.50 crore, highest-ever Revenue from Operations of Rs 116.50 crore, apart from paying the highest-ever dividend to the government.

PDIL provides an entire gamut of concept to commissioning engineering-consultancy services for fertilizer projects and non-fertiliser projects in diversified areas such as refinery, oil and gas, pipelines, infrastructure etc. PDIL is presently executing prestigious Ammonia-Urea Fertilizer Projects of M/s Hindustan Urvarak & Rasayan Ltd (HURL) at Gorakhpur (UP), Sindri (Jharkhand) and Barauni (Bihar) and also other Work Orders in Fertilizers and Non-Fertilizers Sector.